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Bank Audit through CBS

Explore the importance of audit objectives in CBS environment, methods used, and challenges faced, with a focus on regulations like Sec 143(9) of Companies Act 2013 and fraud assessment. Learn about CBS products, parameters for input control, and efficient features of FINACLE and BANC systems.

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Bank Audit through CBS

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  1. Bank Audit through CBS CA. KiranKunte B. Com, FCA, DISA, Cert. IFRS, LL.B

  2. Theme: Audit objectives do not change … Methodology does …

  3. Background: Sec. 143 (9) of Companies Act 2013: AUDITING STANDARDS Sec. 143(12) of Companies Act - 2013: FRAUD SA 315 OF ICAI: Risk Assessment SA 240 OF ICAI: CIS Environment Amendment to Sec. 194 A of Income Tax Act - Union Budget 2015

  4. CORE BANKING SOLUTION CORE means … Technical Definition BOD / EOD SOL, Data Centre, DR Site

  5. Practical Difficulties: Auditing with Computer  Not possible, CAAT Auditing AROUND the Computer

  6. CBS ENVIRONMENT 01-SINGLE CENTRAL DATA BASE: FINACLE 02-BRANCH SERVER + CENTRAL DATA BASE: TCS 03-BRANCHES GROUPED IN CLUSTERS & CLUSTERS ARE ATTACHED TO SERVER

  7. Payments / Settlements: RTGS NEFT SWIFT NPCI SFMS

  8. Myths about CBS: Requires software knowledge in detail No data can be made available in the branch, except disclosed by the branch ‘suomoto’.

  9. LFAR: Level of computerisation Whether advances against Lien of deposits have been properly granted and Lien has been ‘marked’? Are there any ‘overdue’ deposits? Whether the branch has a system to compute discrepancies in interest and timely adjustment thereof? Suspense account / Sundry assets

  10. CBS Products: FINACLE and BANC

  11. CBS Products: FINACLE and BANC Some banks using FINACLE

  12. CBS Products: FINACLE and BANC Some banks using FINACLE

  13. CBS Products: FINACLE and BANC Some banks using BANC

  14. CBS Products: FINACLE and BANC Some banks using BANC

  15. Parameters as a tool of input control: e.g. Cash Credit (garbage in - garbage out)

  16. Parameters as a tool of input control: e.g. Cash Credit (garbage in - garbage out)  Sanctioned limit  Margin %  DP Mode  Stock statement frequency  Trigger for slippage  Interest Rate Continued …

  17. Parameters as a tool of input control: e.g. Cash Credit (garbage in - garbage out)  Linkage of interest rate to credit rating  Linkage to BPLR  Credit rating  Incremental rate  Penalty parameters  Security code Continued …

  18. Parameters as a tool of input control: e.g. Cash Credit (garbage in - garbage out)  Sector code  Scheme code  CGTSME Flag

  19. Parameters as a tool of input control: e.g. Housing Loan

  20. Parameters as a tool of input control: e.g. Housing Loan  Male / Female  Basis of Rate  Moratorium Period

  21. Parameters as a tool of input control: e.g. Fixed Deposit

  22. Parameters as a tool of input control: e.g. Fixed Deposit  Auto Renewal Flag  TDS Flag

  23. Some useful features of Finacle are …

  24. BANC by TCS  BGL and CGL  VPIS: Valuable Paper Instrument System  BGL > Inquire > Account > Account No. > Transaction Enquiry > Search by Client > Search by CIF > Search by Name  Exim Module Exceptional Transactions Report

  25. Cases  Migrated Accounts  Current Accounts opened as accounts with OD  Same Borrower - Multiple Id  Same Depositor - Multiple Id  BPLR

  26. Interaction Please feel free to share your views.

  27. My sincerest thanks to you for sparing your time …

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